[lbo-talk] Why High French Unemployment Rate?

Jason Hecht jayhstata at gmail.com
Sat Dec 22 16:12:50 PST 2012


Some money manager on Bloomberg was going on a rant about how France has had an unemployment rate above 9% since 1992 (according to the FED FRED database, it has averaged 9.3% from 1992-2011) .

Is this because the France have a more accurate "official" measure, equivalent to our all-in "U-6" (1994-2011, 10.2%)? Or is there a more nuanced reason?



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